Latest news with #WorldEnergyInvestment2025
Indian Express
19-07-2025
- Business
- Indian Express
Not just IPL, there is also an Energy Premier League in India
By Rahul Munjal In 2008, cricket saw the birth of the Indian Premier League (IPL), a bold, fast-paced reinvention of the game that challenged tradition and captivated a new generation. Interestingly, that era was also marked by another audacious leap: India's early steps toward embracing clean energy. Both moves, in their own domains, signalled a shift toward innovation, risk-taking and long-term transformation. Both ideas that challenged the tried and tested were greeted initially with scepticism. Traditionalists scoffed at the IPL's flashy format, fearing it would dilute the game's soul. Likewise, energy veterans questioned whether renewable power could ever rival the affordability and reliability of fossil-fuel power. Two decades later, the IPL and India's renewable energy sector have redefined their respective domains. The IPL auction, for instance, is perhaps the clearest expression of how far things have come. Balancing budgets, betting on form and future, and placing bold bets on untested potential. It's remarkably similar to how we make investment decisions in clean energy: Weighing long-term returns, assessing risk, and blending proven technologies with next-generation innovations. The fact that the 2025 IPL auction went up to nearly Rs 640 crore, around four times the value from when it first started, is testimony to the sustained interest in the IPL. A similar bold approach is reflected in how tariffs for renewable power have declined. Solar bids have decreased from above Rs 10 in 2015 to around Rs 2.4 currently. The IPL has transformed into a multibillion-dollar franchise. Owners invest in academies, brand-building and talent pipelines, and look far beyond the boundary ropes. Revenue from IPL 2025 is projected to reach nearly Rs 20,000 crore, up 30 times from around Rs 650 crore in its launch year. This evolution mirrors our journey in renewables, from isolated pilot projects to a dominant source of new power capacity addition. From a mere 3 GW two decades ago, India now boasts around 180 GW of renewables capacity (excluding hydro), giving India the distinction of having the world's fourth-largest RE capacity. The IPL-T20 format has been synonymous with relentless innovation in cricket, which has led to its continued success and popularity. Creative rule changes, such as 'Impact Player', have sustained interest. Similarly, continuous innovations in modules, batteries and wind turbines have ensured dramatic improvements in RE power cost and reliability, ensuring sustained growth of the sector. Innovation isn't optional for either; it's crucial to survival. Their growth trajectories speak for themselves. According to Brandirectory, the IPL's brand value has surged from $2.1 billion in 2008 to over $12 billion in 2025. In comparison, according to the IEA World Energy Investment 2025 report, India's annual renewable investments have grown from under $2 billion a decade ago to around $33 billion in 2024. These numbers aren't just impressive, they reveal what's possible when execution meets vision. Just as teams exploit field restrictions in cricket's powerplay overs to accelerate scoring, the renewable sector must seize its own powerplay windows — policy momentum, falling tech costs, and shifting global demand. With geopolitical tensions accelerating the global pivot to energy security, we are in the midst of our most crucial innings. Talent from all corners of the cricketing world coming together elevates the IPL to a higher level. India's renewable space now has a similar global magnetism. FDI has crossed $3.5 billion, and international developers are lining up to participate in mega auctions. We've gone from domestic play to global destination. Modern franchises are powered by data. Every delivery is dissected, every move backed by analytics. Renewable energy has followed suit. AI tools optimise wind turbine maintenance and energy dispatch. Weather models predict solar and wind output with over 95 per cent accuracy. Satellite imagery aids site selection. This is no longer a sector powered by sunshine and hope, it is driven by AI and precision. The employment impact is no less remarkable. During tournament months, the IPL supports over 40,000 direct jobs and countless indirect jobs, whereas India's renewable sector employs 1.1 million people today and is poised to create 3.4 million jobs by 2030. This is about more than gigawatts; it's about livelihoods and inclusive growth. What separates serial winners from also-rans isn't just talent, it's culture. Long-term orientation, disciplined systems, and a relentless commitment to excellence. That's exactly what India's renewable energy mission demands. Our 2030 target of 500 GW is a national imperative. One that calls for patient capital, policy consistency, and unshakeable conviction. The climate clock is ticking. The global spotlight is on. Economic competitiveness, energy security, and environmental responsibility now intersect. Like finishing a match with calculated aggression, the renewable sector must execute transition with boldness and urgency. The IPL and India's clean energy sector have shown the world that India can innovate, lead, and inspire, driven by its ingenuity. The match is on. And India is ready to lead. The writer is chairman and managing director of Hero Future Energies
Hi Dubai
09-06-2025
- Business
- Hi Dubai
Global Energy Investment to Reach $3.3 Trillion in 2025 as Clean Technologies Surge, says IEA
Global energy investment is projected to hit a record US$3.3 trillion in 2025, with clean energy technologies attracting more than double the capital flowing into fossil fuels, according to a new report from the International Energy Agency (IEA). The IEA's World Energy Investment 2025 report reveals that investment in clean technologies—including renewables, nuclear power, grid infrastructure, energy storage, low-emissions fuels, and electrification—is set to reach an unprecedented US$2.2 trillion this year. This surge reflects growing momentum toward decarbonisation despite ongoing geopolitical tensions and economic uncertainty. Solar energy continues to lead the charge. Combined investment in utility-scale and rooftop solar is expected to reach US$450 billion, making it the largest single item in the global energy portfolio for 2025. Battery storage is also gaining ground rapidly, with investment expected to exceed US$65 billion. In contrast, the fossil fuel sector is seeing a slowdown. The report forecasts a 6% drop in upstream oil investment—the first year-on-year decline since 2020—driven by lower oil prices and tempered demand expectations. The IEA's findings highlight a pivotal shift in global energy priorities, as nations and investors increasingly back technologies that align with long-term sustainability goals. News Source: Emirates News Agency
Gulf Today
05-06-2025
- Business
- Gulf Today
Global energy investment set to rise to $3.3 trillion in 2025: IEA
The International Energy Agency (IEA) said that global energy investment is set to increase in 2025 to a record US$3.3 trillion despite headwinds from elevated geopolitical tensions and economic uncertainty, with clean energy technologies attracting twice as much capital as fossil fuels. In its new World Energy Investment 2025 report, IEA stated that investment in clean technologies – renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification – is on course to hit a record US$2.2 trillion this year. The report explained that investment in solar, both utility-scale and rooftop, is expected to reach US$450 billion in 2025, making it the single largest item in the global energy investment inventory. Battery storage investments are also climbing rapidly, surging above US$65 billion this year. Lower oil prices and demand expectations are set to result in the first year-on-year fall in upstream oil investment since 2020, according to the report, with an expected 6 percent drop driven by lower oil prices and demand expectations.
Time of India
05-06-2025
- Business
- Time of India
Global energy investment to touch record $3.3 trillion in 2025; clean energy to attract $2.2 trillion: IEA
New Delhi: Global energy investment is set to reach an all-time high of $3.3 trillion in 2025, with clean energy technologies accounting for $2.2 trillion—double the expected investment in fossil fuels , according to the International Energy Agency 's (IEA) World Energy Investment 2025 report. The report projects that investment in oil, natural gas and coal will total $1.1 trillion. The surge in clean energy spending reflects the influence of industrial policies, energy security concerns and the growing cost competitiveness of electricity-based solutions, the IEA said. IEA Executive Director Fatih Birol said, 'Amid the geopolitical and economic uncertainties that are clouding the outlook for the energy world, we see energy security coming through as a key driver of the growth in global investment this year to a record $3.3 trillion as countries and companies seek to insulate themselves from a wide range of risks.' He added, 'When the IEA published the first ever edition of its World Energy Investment report nearly ten years ago, it showed energy investment in China in 2015 just edging ahead of that of the United States. Today, China is by far the largest energy investor globally, spending twice as much on energy as the European Union—and almost as much as the EU and United States combined.' According to the report, China's share of global clean energy investment has increased from 25 per cent to nearly 33 per cent over the past decade, supported by investment in solar, wind, hydropower, nuclear, battery storage and electric vehicles. Investment in electricity has overtaken fossil fuel investment. In 2015, fossil fuel investment was 30 per cent higher than that in electricity generation , grids and storage. In 2025, electricity investment is expected to be 50 per cent higher. Spending on low-emissions power generation has nearly doubled in five years, led by solar PV. Investment in solar, both rooftop and utility-scale, is forecast to reach $450 billion this year. Battery storage investment is also expected to rise above $65 billion. Investment in nuclear power has increased 50 per cent over five years and is expected to reach $75 billion. In contrast, upstream oil investment is expected to fall by 6 per cent year-on-year, driven mainly by a drop in US tight oil spending. Investment in liquefied natural gas (LNG) infrastructure is rising, with new facilities under development in the US, Qatar, Canada and other countries. The global LNG market is projected to witness its largest ever capacity growth between 2026 and 2028. Despite the rise in generation and electrification, investment in electricity grids—currently at $400 billion per year—is not keeping pace. The report noted that grid investment must reach parity with generation by the early 2030s to maintain electricity security. Factors such as long permitting timelines and constrained supply chains for transformers and cables have impacted grid investment growth. In 2024, China began construction on nearly 100 gigawatts of new coal-fired power capacity, pushing global approvals to the highest level since 2015. Investment in coal continues, mainly in China and India, driven by rising electricity demand. The report highlights persistent disparities in global energy investment. Africa, which is home to 20 per cent of the global population, accounts for just 2 per cent of clean energy investment. Total energy investment in Africa has declined by one-third over the past decade due to reduced fossil fuel spending and limited clean energy investment growth. The IEA called for international public finance to be scaled up to mobilise private capital in emerging and developing economies to address the gap in clean energy investment.
